Kennedy Capital Management LLC Sells 27,187 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Kennedy Capital Management LLC lowered its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,823 shares of the software maker’s stock after selling 27,187 shares during the period. Kennedy Capital Management LLC owned about 0.29% of Insight Enterprises worth $13,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NSIT. Golden State Wealth Management LLC acquired a new stake in shares of Insight Enterprises during the 4th quarter worth about $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises in the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp raised its position in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after buying an additional 374 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after buying an additional 139 shares in the last quarter.

Insight Enterprises Stock Performance

NSIT opened at $138.88 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $155.14 and its two-hundred day moving average price is $168.99. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the prior year, the business earned $2.98 EPS. On average, analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barrington Research decreased their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $202.25.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.